Interchange-of-trade-coupon system.



N0 MODEL.

PATENTED NOV. 8, 1904.

L. N. SINGLBY. 1

INTERCHANGE 0F TRADE COUPON SYSTEM.

APPLICATION FILEDTEB. l2, 1904.

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MJU??? UNTTED STATES I Patented November 8, 1904.

PATENT @ETTcEQ lNTERCHANGE-OF-TRADE-COU PON SYSTEM.

SPECIFICATION forming part of Letters Patent No. 774,538,'dated November 8, 1904. Application filed February 12,1904. Serial No. 19.?0119x (No model.)

To all whom, it may concern:

This invention relates to certain new and useful improvements in an interchange-oftrade-coupon system, and has for its object the provision oi' novel means whereby an interchangeablecoupon systemV is formed in which each merchant who is a party to the arrangement will receive as cash coupons issued by any ot' the other parties to the arrangement and will issue coupons receivable in the same manner by all the other parties to such arrangement.

Another object of my improved coupon system is to provide novel means that will entirely dispense with the keeping of records, accounts, and the like, a still further object of the invention being to devise a coupon that will have a certain cash value and purchase power in every line of merchandise.

Briefly described, my system comprises an association of merchants in'a town or city, each merchantdealing in a certain line of merchandise. For example, the merchants A, B, (LVD, E, F, G, H, I, J, K, L, M, Nform an association, each merchant being provided with a large number ofV coupons bearing'his own name and address and the names, addresses, and business of all the other members of the association, together with a statement that the coupon will be redeemed at a certain cash valuation by any of the said members.

The invention further consists in thenovelV form ot' interchangeable coupons to be hereinafter more fully described, and specifically pointed out in the claims.

In describing the invention in detail reference is had to the accompanying drawings, forminga part of this application, and wherein like numerals of reference indicate like parts throughout the several views,in Which- Figure l is a view of a single coupon as used by me, which showsfa novel form of arrangement. Fig. 2 comprises a number of coupons, which form a set and merely represent diagrammatically the series of coupons which constitute a complete set, it being understood that all the coupons shown in Fig. 2

are substantially the same as the single coustatement that it is receivable ascash with a certain amount purchased from any of the other members ofthe association whose names are printed thereon, together with thenames, businesses, and addresses of all other merchants belonging to the association.'`

To fully illustrate my improved interchangeof-trade-coupon system, let A, B, C, D, E, F, G, H, I, J, K, L,.,M, N represent the stores usingthe coupons. The coupon issued by A has the names of all the others on itas redeemers ot' said coupon ata cash value proportionate to a certain amount that the holder ot' the coupon purchases, which is equivalent to said amount indiscount. The coupon issued B has A and all the others on it as redeemers at the same terms. That issued by C has A, B, and all the others upon it as redeemers, and so on through the entire list completing the system. Any system or set of coupons is comnplete when every line of merchandise is represented; but it is the intention to only place one merchant dealing in each kind of merchandise upon the coupons, and thus the 'entire set of coupons becomes a vehicle by which the association interchanges trade with an advantage of certain percent. discount to their patrons and the benetit of this new trade sent to each member'. This system is notcoperative, and it isnot an association for profit. There are no earnings for the association. A coupon and the entire system of coupons will do the work and accomplish a result which is entirely automatic. It will also be noted, by

Way of further illustrating my improved interchange-of-trade-coupon system, that X, a

dollars and seventy-[ive cents, together with iive coupons obtained from A, and F in turn gives Xfire coupons which are redeemable at all the other stores with the exception of Fs place of business. In this manner the interchange of trade is established between merchants of a town, which, by this system, forming a chain, Will send their customers one to the other.

The many advantages disclosed by my imy proved system will be readily appreciated from the foregoing description, taken in connection With the accompanying drawings.

It will also be noted that various changes may be made as to the several features of the Each coupon is recoupon without departing from the general spirit of the invention.

Having fully described my invention, what I claim as new, and desire to secure by Letters Patent, isA

l. An interchange-of-trade coupon containing the name and business of the merchant issuing' it, the names and business of a plurality ot' other merchants and a statement that it will be received as cash by such other merchants on purchases made from them.

2. A series oi' sets oil coupons for interchange or' trade each coupon of each set containing a statement that it is issued by a certain party, that it will be received at a given cash value with a certain amount purchased, and each coupon containing a list of all the parties issuing the coupons excluding the party issuing' the same.

In testimony whereofl ailix my signature in the presence of two Witnesses.

LAISEUR N. SINGLEY.

Witnesses:

H. C. Evnn'r, XVM. C. Hurry.. 

